Vodacom has written a strongly worded letter to Gauteng education MEC Panyaza Lesufi telling him to dial back his criticism of the telecommunications operator over its dispute with Nkosana Makate.
Author: Duncan McLeod
Listed technology group Adapt IT reported a slight decline in revenue and flat earnings in the six months ended 31 December 2018 as the weak South African economy took its toll.
In the podcast this week, Duncan McLeod and Regardt van der Berg discuss why Facebook is planning to make WhatsApp, Messenger and Instagram interopable and the implications of the move.
Vodafone Group has suspended purchases of equipment from Huawei for the core of its wireless networks. However, it’s not immediately clear how this affects Vodacom, which is controlled by Vodafone.
Vodacom Group’s latest trading update, for the quarter ended December 2018, makes for sobering reading, particularly for those invested in the telecommunications sector.
Teraco Data Environments is being acquired by Berkshire Partners, a Boston-based investment firm. The Permira funds, an existing shareholder, will remain a “significant” investor alongside Berkshire.
The weak South African economy, coupled with consumers “optimising” promotional data, has led to a surprise decline in Vodacom’s service revenue in the quarter ended 31 December 2019.
MTN Group on Wednesday confirmed reports that three senior managers have been arrested and deported by the Ugandan government.
MultiChoice will carry losses incurred by Showmax in the “medium term”, but the goal is eventually for the streaming television service to turn a profit once broadband infrastructure in South Africa and the rest of the continent has been built out further to support it.
Streaming services pose a significant threat to MultiChoice’s future growth potential, but they are by no means the only risks exercising the minds of the pay-television operator’s management team.